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2009-10 REVENUE PROJECTIONS REVENUE MODULE 47 pages Intended to “drill-down” on all sources of revenue available to the board for 2009-10 (Operating as well as Non-operating) Provides details of key assumptions e.g. enrolment and other grant drivers References all grant announcements to date

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2009-10 REVENUE PROJECTIONS Grants for Student Needs (GSN) Analysis of Increase/Decrease Details of “adjustments” outlined in 2009:B2 memo March 27, 2009 Adjustments are comprised of both increases (Enhancements) and decreases (Constraints) Majority of Enhancements are in support of previously announced PFA’s Constraints (decrease in grants) are a new approach for 2009-10 and are estimated at approximately $ 2.5 million Decreases in grants are “buried” within various grant categories

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Grants for Student Needs (GSN) HIGHLIGHTS OF GRANT CHANGES (cont’d)  2% to non-salary components of the School Operations grant for energy and other costs  Funding Special Education High Needs Amount at 95% PLUS a new Measure of Variability (MOV)  School Renewal  20% Constraint has been REMOVED  Audit Capacity (marginal $$’s yet to be determined)  GSN will include a component “…to help establish audit committees and internal audit functions”  “Boards will be encouraged to establish audit committees with external representation”

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Grants for Student Needs (GSN) HIGHLIGHTS OF GRANT CHANGES (cont’d) Grants OUTSIDE the GSN The Ministry has indicated that it will “sustain its supports to priority initiatives” and will continue support in 2009-10 outside of the Grants for Student Needs. For further details, “Memorandum 2009:B3 2009-10 Funding in Addition to Grants for Student Needs” is attached.

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GRANTS FOR STUDENT NEEDS – Represents the calculated grant estimates based on projected enrolments for 2009-10 – Grant data is based on the March 27, 2009 Ministry announcements Note:Any new information received after March 27, 2009 will impact revenue calculations.

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OTHER GRANTS  Other grants are outside of the Grants for Student Needs (GSN)  Typically one-time and based on a specific program initiative  Not intended as “budget balancing” funds  Ministry has yet to release all anticipated grants for 2009-10

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Miscellaneous Grants For 2009-10 the Ministry has made the following changes to the Grants for Student Needs Transferred INTO the GSN Parent Engagement Grant Transferred OUT of the GSN Outreach Coordinator (Community Use) The Ministry has indicated that it will “…sustain its support to priority initiatives” and will continue to support in 2009-10 outside of the Grants for Student Needs. (refer Memo 2009:B3 2009-10 Funding in Addition to Grants for Student Needs).

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OTHER GRANTS 2008-09 Revised Estimates 2009-10 Revenue Projections Increase (Decrease) $% Other Grants expected to be distributed $ 1,000,000$ 500,000(500,000)(50.0) TOTAL$ 1,000,000$ 500,000($ 500,000)(50.0) Other grants are outside of the GSN, non-recurring, and NOT intended for funding regular on- going operating expenditures. Other grants are normally targeted to specific program initiatives with a pre-determined time frame. For preliminary planning purposes $.5 million is included in the Revenue projection at this time.

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CONCERNS AND PRESSURE POINTS Legislative requirement under section 231 of the Education Act for boards to submit a BALANCED budget Section 286: Directors of Education and other supervisory officers are responsible to the Minister of Education for the performance of their duties in accordance with the ACT and the regulations Other school boards are at various levels of financial “health” (surplus and deficit) Ministry has and will continue to intervene in the management of school board financial affairs if deemed necessary

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CONCERNS AND PRESSURE POINTS (cont’d) Projected expenditures are expected to exceed projected revenues One-time funding cannot sustain permanent staffing As previously mentioned, use of reserves to balance the budget is not sustainable (Unless permanent expenditure reductions are made or permanent new revenue is generated) GSN’s did not provide significant additional dollars; in fact for 2009-10 they have made REDUCTIONS Achieving a “York Catholic Solution”